Skip to main content

Gen Digital: Fiscal Q4 Earnings Snapshot

TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Gen Digital Inc. (GEN) on Thursday reported fiscal fourth-quarter profit of $512 million.

On a per-share basis, the Tempe, Arizona-based company said it had net income of 84 cents. Earnings, adjusted for one-time gains and costs, were 67 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The security software maker posted revenue of $1.28 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.24 billion.

For the year, the company reported profit of $973 million, or $1.57 per share. Revenue was reported as $5 billion.

For the current quarter ending in June, Gen Digital expects its per-share earnings to range from 68 cents to 70 cents.

The company said it expects revenue in the range of $1.3 billion to $1.33 billion for the fiscal first quarter.

Gen Digital expects full-year earnings in the range of $2.85 to $2.95 per share, with revenue ranging from $5.33 billion to $5.43 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GEN at https://www.zacks.com/ap/GEN

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story